BlackRock’s Strategic Pivot. Negocios Internacionales

BlackRock’s Strategic Pivot

Dannae Ramirez Lasprilla

Facultad de Ciencias Económicas y Administrativas

Negocios Internacionales

Dr. Jairo Antonio Salas Páramo

30 De Enero Del 2024

Blackrock’s is very interested in making some changes in it’s company at the organizational level, which include changing the direction of its organizational structure and culture. As we already know BlackRock's is one of the most important multinational investment companies globally and of course they were not going to be left behind when we are currently on the cusp of the infrastructure revolution, which involves companies and organizations to make changes internally and innovate their development strategies to have a higher performance.

This initiative also has two purposes that are very important at a global level. The first is to help the planet earth and start a process of decarbonization, the company plans to invest monetary resources in renewable energy, such as solar energy (solar panels), wind energy, etc., which would not only change the organization at the structural level of the company, since being one of the companies with more power at the level of monopoly or purchasing power may have the authority to control how people use resources, in this way the company will not only achieve the goal they already had planned, but also achieve its goal of expanding to other sectors of the economy.

De-globalization is another goal in which BlackRock's wants to contribute in order to achieve it, that is why they are investing in creating or buying new means of transportation to "take away" the monopoly of the production chains to China, since the prices of tariffs were extremely high and the means of distribution of that country was not so efficient, additionally in the Covid-19 pandemic the world realized that China was not really being effective at the time of producing, That is why many countries have taken their supply chain out of the country, which means that this means a change of the company at a cultural and organizational level, since by changing the supply chain from one country to another, creating new and more efficient routes to export, they are changing their structure and at the same time they are relating with suppliers, customers and other nations to meet their goals.

In summary, black rock's decision to invest in infrastructure can be considered a significant organizational change, as it involves strategic changes, diversification, risk management, responsiveness to market needs, economic and social impact, and possible cultural adjustments within the organization, which would allow Blackrock's to take control of the monopoly companies.

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